ANNUAL REPORT 2006

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P L AT I N U M A U S T R A L I A A N N U A L R E P O R T 2 0 0 6 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2006 NOTE 24: CHANGES TO ACCOUNTING STANDARDS (continued) Amendment/New Standard Affected Standards Nature of Change to Accounting Policy Application Date of Standard* Application Date for Company 2005-10 AASB 132: Financial Instruments: Disclosure and Presentation, AASB 101: Presentation of Financial Statements, AASB 114: Segment Reporting, AASB 117: Leases, AASB 133: Earnings per Share, AASB 139: Financial Instruments: Recognition and Measurement, AASB 1: First time adoption AIFRS, AASB 4: Insurance Contracts, AASB 1023: General Insurance Contracts and AASB 1038: Life Insurance Contracts No change to accounting policy required. Therefore no impact 1 January 2007 1 July 2007 2006-1 AASB 121 The Effects of Change in Foreign Currency Rates AASB 7 AASB 7 Financial Instruments: Disclosures No change to accounting policy required. Therefore no impact No change to accounting policy required. Therefore no impact AASB 119 AASB 119 Employee Benefits No change to accounting policy required. Therefore no impact UIG 4 UIG 5 UIG 4 Determining whether an Arrangement contains a Lease UIG 5 Rights to Interests in Decommissioning, Restoration and Environmental Rehabilitation Funds No change to accounting policy required. Therefore no impact No change to accounting policy required. Therefore no impact UIG 8 UIG 8 Scope of AASB 2 No change to accounting policy required. Therefore no impact UIG 9 UIG 9 Reassessment of Embedded Derivatives No change to accounting policy required. Therefore no impact 1 January 2006 1 July 2006 1 January 2007 1 July 2007 1 January 2006 1 July 2006 1 January 2006 1 July 2006 1 January 2006 1 July 2006 1 May 2006 1 July 2006 1 June 2006 1 July 2006 *Application date is for the annual reporting periods beginning on or after the date shown in the above table. page 70
DIRECTORS’ DECLARATION 1. In the opinion of the directors: a. the financial statements and notes of the company and of the consolidated entity are in accordance with the Corporations Act 2001 including: i. giving a true and fair view of the company’s and consolidated entity’s financial position as at 30 June 2006 and of their performance for the year then ended; and ii. complying with Accounting Standards and Corporations Regulations 2001; and b. there are reasonable grounds to believe that the company will be able to pay its debts as and when they become due and payable. A N N U A L R E P O R T 2 0 0 6 2. This declaration has been made after receiving the declarations required to be made to the directors in accordance with Section 295A of the Corporations Act 2001 for the financial year ended 30 June 2006. This declaration is signed in accordance with a resolution of the Board of Directors. J D LEWINS Managing Director Dated this 28th day of September 2006 page 71
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ANNUAL REPORT 2006
Page 3 and 4:
ITEM PAGE Chairman’s Report 2 Rev
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Interpretation of detailed aeromagn
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PLATINUM GROUP METALS Platinum Aust
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Project Development PLA has complet
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• Cash Operating Cost of US$226/o
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Project Development Platinum Austra
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A N N U A L R E P O R T 2 0 0 6 Pan
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The Board is responsible for settin
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The Chairman of the Board will chai
Page 21 and 22: DIRECTORS’ REPORT The directors o
Page 23 and 24: 3. PRINCIPAL ACTIVITIES The princip
Page 25 and 26: B Details of Remuneration (this inf
Page 27 and 28: Milestone 1 was achieved in July 20
Page 29 and 30: 13. ENVIRONMENTAL COMPLIANCE The Co
Page 31 and 32: CONSOLIDATED INCOME STATEMENT FOR T
Page 33 and 34: CONSOLIDATED CASH FLOW STATEMENT FO
Page 35 and 36: CONSOLIDATED STATEMENT OF CHANGES I
Page 37 and 38: NOTE 1: STATEMENT OF SIGNIFICANT AC
Page 49 and 50: NOTE 3: INCOME TAX Consolidated 200
Page 51 and 52: NOTE 4: SEGMENT REPORTING (continue
Page 53 and 54: NOTE 6: CASH AND CASH EQUIVALENTS 2
Page 55 and 56: NOTE 7: RECEIVABLES Current 2006 $
Page 57 and 58: NOTE 9: PROPERTY, PLANT AND EQUIPME
Page 59 and 60: NOTE 10: SHARE BASED PAYMENT PLANS
Page 61 and 62: NOTE 13: CONTRIBUTED EQUITY AND RES
Page 63 and 64: NOTE 14: FINANCIAL INSTRUMENT DISCL
Page 65 and 66: NOTE 17: INTEREST IN ASSOCIATE Name
Page 67 and 68: NOTE 22: KEY MANAGEMENT PERSONNEL D
Page 69 and 70: NOTE 23: TRANSITION TO AIFRS (conti
Page 71: NOTE 24: CHANGES TO ACCOUNTING STAN
Page 75 and 76: Independence In conducting our audi
Page 77 and 78: SHAREHOLDERS INFORMATION AT 28 SEPT
Page 80: 3rd Floor, 18 Richardson Street Wes
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ANNUAL REPORT 2006

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